We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » AIT Worldwide Logistics makes third acquisition in less than a year
newsworthy

AIT Worldwide Logistics makes third acquisition in less than a year

August 5, 2019
DC Velocity Staff
No Comments

Supply chain solutions provider AIT Worldwide Logistics has bought its third company in less than a year, acquiring Unitrans International Corp., a freight forwarder with expertise in the aerospace, defense, food ingredient, high-tech, and life sciences industries.

Terms of the deal were not disclosed.

Itasca, Ill.-based AIT also acquired the food logistics forwarder WorldFresh Express and U.K.-based ConneXion World Cargo in 2018. Those deals followed AIT's announcement in 2017 that it had sold a portion of the firm to Quad-C Management Inc., a Virginia-based private equity firm. AIT's executive management team still retains a significant ownership stake in the company.

AIT called the purchase of Los Angeles-based Unitrans its largest acquisition to date, saying it adds strategic service depth along with enhanced trade lane expertise in Asia and Europe.

The company plans to continue running Unitrans with no planned changes following the closing of the deal. "We understand that Unitrans is a highly successful, sophisticated enterprise and our aim is to promote stability for their customers and teammates," AIT Chief Operating Officer Keith Tholan said in a release. "AIT will provide whatever support is needed, but Unitrans will otherwise continue to run their operation with their customers' best interests as the primary driver."

Transportation Global Logistics Business Management & Finance
KEYWORDS AIT Worldwide Logistics Unitrans
  • Related Articles

    AIT Worldwide Logistics acquires WorldFresh Express

    Coyote co-founder leaves UPS less than three years after acquisition

    ArcBest hikes tariff rates for second time in less than year

Recent Articles by DC Velocity Staff

Demand for robotic goods-to-person systems to quadruple through 2023

Werner sells off freight forwarding arm to focus on North American logistics business

Panama Canal forms deal to optimize vaccine distribution

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • Biden names dozens of senior leaders to DOT, including FMCSA and FRA

  • Outlook 2021: What’s in store for logistics supply chain?

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

  • Thriving in the long haul: interview with Colin Yankee

Now Playing on DCV-TV

Sick agv demo thumbnail

Optimize Load Handling Tasks with Industrial Mobile Robots

DCV-TV 4: Viewer Contributed
Intelligent sensors detect the presence of goods, check for empty shelves, or the correct alignment on the mobile platform towards the freight. The solutions range from simple detection sensors, thorough measuring devices, and 2D LiDAR sensors.

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing